The bitcoin price usd slipped back to the mid-$65,000s on February 28 as risk appetite cooled across assets. BTCUSD hovered near $65,700 after an early drop, while altcoins fell more. A hotter U.S. PPI pushed yields higher and weighed on growth stocks, amplifying pressure on crypto. Weekend liquidity and leverage resets likely worsened moves. Even with firm spot Bitcoin ETF inflows this week, macro headlines steered price action. U.S. traders now watch whether the $60,000 to $70,000 bracket holds into March and how quickly volatility normalizes.

What Triggered Today’s Bitcoin Drop

A stronger U.S. producer inflation print cooled sentiment, lifting Treasury yields and the dollar. Growth stocks eased, with AI leaders weakening, which often spills into crypto risk-taking. The bitcoin price usd tracked equities lower as dealers reduced exposure. Macro-sensitive selling led the move, with downside extending into lighter weekend trade. Nvidia’s retreat added to the tone, per reporting from Barron’s source.

The slide accelerated as leveraged longs unwound into thinner weekend order books. Intraday, bitcoin probed the mid-$65,000s with a day low near $63,000, while many altcoins fell harder. Funding and basis often compress during such moves, reducing carry appeal. The bitcoin price usd typically stabilizes when liquidations slow and spot demand reappears. That pivot often aligns with prior support zones and volatility bands, which traders are watching closely today.

Key Levels and Technical Setup

RSI at 36.05 shows momentum near, but not at, oversold territory. ADX at 48.25 indicates a strong trend, while MACD is negative with a slightly improving histogram. Together, they frame a downtrend losing some speed. For the bitcoin price usd, a momentum turn would show up first via a higher low and a crossover in short-term oscillators before price challenges moving averages.

Bollinger middle band sits near 68,452 and the lower band near 61,045. Keltner lower channel is around 62,872. That clusters support in the 61,000 to 63,000 zone, with psychological backing at 60,000. Resistance stands near 68,500, then 70,000. If the bitcoin price usd reclaims the middle band on closing basis, it signals improving balance and opens a test of 70,000.

ATR near 3,728 suggests 1-day swings of roughly 3,500 to 4,000 dollars. In a range-bound market, two ATRs can cap moves, implying a 7,000 to 8,000 band around the pivot. For the bitcoin price usd, that keeps the 60,000 to 70,000 bracket in play unless a catalyst widens bands. Position sizing should reflect this realized volatility rather than recent peaks.

Spot ETF Flows and Market Breadth

Spot Bitcoin ETFs showed positive net inflows this week, but macro forces led the tape. Inflation concerns and higher yields muted risk appetite, limiting the impact of steady creations. As Bloomberg notes, inflation worries cooled demand for risk assets broadly, syncing crypto with equities source. Until inflation data softens, ETF demand may cushion dips but may not drive a breakout.

During sharp pullbacks, capital tends to concentrate in Bitcoin first. Many large-cap altcoins dropped 5% to 7%, reflecting thinner liquidity and higher beta. For swing traders, breadth weakness often warns against aggressive risk until stabilization. If the bitcoin price usd holds above clustered support and ETFs keep creating shares, altcoin performance can improve, but confirmation requires stronger spot volumes and firmer BTC dominance.

How U.S. Traders Can Position

Consider trading the range with staggered entries near 61,000 to 63,000 and trims toward 68,000 to 70,000, guided by ATR. Use tight, dollar-based stops below key bands to cap risk. The bitcoin price usd remains sensitive to data, so avoid oversized positions into macro releases. For intraday traders, confirm with volume expansion and a higher low before chasing strength.

Price sits below the 50-day near 79,177 and the 200-day near 97,898, keeping trend signals cautious. Meyka’s baseline projections show a 1-month mean near 54,427, a 1-quarter mean near 122,324, and a 1-year mean near 98,201. Longer views point to 125,321 at 3 years and 152,397 at 5 years. Treat these as scenarios, not promises, and anchor plans to risk budgets.

Set maximum portfolio crypto exposure and scale positions rather than all-in buys. Consider using spot, regulated ETFs, or CME futures for clearer tax and margin treatment in the U.S. Hedge tail risk with options or cash buffers. For the bitcoin price usd, recalibrate size with volatility. Document entries, thesis, and invalidation to reduce emotional trading during fast moves.

Final Thoughts

Bitcoin’s retreat to the $65,000 range reflects classic risk-off dynamics after hotter U.S. inflation data, plus a leverage flush into thin weekend liquidity. Technically, support clusters near 61,000 to 63,000, while resistance sits around 68,500 and 70,000. RSI near 36 and ATR near 3,700 frame a choppy, tradable range. Actionable plan: size for current volatility, respect stops below support, and look for a higher low before chasing upside. If spot ETF creations stay positive while macro pressure eases, momentum can rebuild. Until then, treat the bitcoin price usd as range-bound, prioritize capital preservation, and review exposure ahead of key U.S. data releases. This is informational, not investment advice.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.